Time Will Tell If Basic Income Is Worth Exploring

It’s no secret that the minimum wage isn’t a living wage. It turns out it hasn’t been for quite some time. Research conducted by the Pew Research Center in January 2017 found that adjusted for inflation, the federal minimum wage peaked in 1968. The official poverty rate in the U.S. is 12.7 percent, or an estimated 43.1 million Americans, based on the U.S. Census Bureau’s 2016 estimates . Unemployment is low, but according to data from the Bureau of Labor Statistics , as of April 2017, 1.6 million unemployed Americans have been out of work for six months or […]

Circles universal basic income

Grégory Claeys, Research Fellow at Oct 19, 2017 Amanda / Flickr. To overcome the Sybil attack problem in a decentralized manner it uses web of… Welcome to Berlin – Basic Income, the meetup group all about strategies to implement a universal basic income. Jan 04, 2016 · Martin Köppelmann discusses different methods to implement a universal basic income outside of the usual political process. Martin Koppelmann, the man behind this idea, has also set up the Circles cafe in Berlin as a hub for the universal basic income . Circles is a blockchain based currency that implements an universal […]

Do you support Universal Basic Income and widespread automation?

Automation polls here are usually overwhelmingly in the positive… Nitro378 posted… Enclave posted…

Well, as we know it now sure, I think it’s most likely that we’ll see the rise of some kind of corporate feudalism where you have to pledge allegiance to a megacorp to survive the resource shortages being paid back only by company scrip. Governments won’t allow that. Nitro378 posted… Enclave posted…

Governments are increasingly irrelevant, just look at how they scramble over each other to throw the most tax breaks and incentives to Amazon/Google/Toyota etc. The power of the global corporations is continuing to rise and governments […]

The populist backlash has everything to do with work

The gathering of global economy-shapers that takes place in Davos, Switzerland, every January took on a decidedly populist touch this year. U.S. President Donald Trump brought a softened "America First" message to an audience of business leaders, while India Prime Minister Narendra Modi cited backlash to globalization as one of the biggest threats to the global order. Global policymakers’ fears of popular unrest were also evident in the official title of this year’s meeting: "Creating a shared future in a fractured world."

For Philip Jennings, head of the UNI Global Union, there’s a clear culprit behind this political situation: the […]

Audio: Wales’ economy ‘coming to a point of crisis’

Audio: Wales’ economy ‘coming to a point of crisis’

Mark Hooper. Picture by Mark Mansfield The founder of IndyCube has criticised politicians for failing to address the weakness of the Welsh economy.

Mark Hooper has called for radical changes in response to the threats posed by increased automation, climate change and exiting the European Union.

In a wide-ranging conversation with Nation.Cymru, Hooper, who set up IndyCube 10 years ago, admitted he’d previously tended to blame Labour for problems but now feels they are systemic and responsibility should be shared across the political spectrum.Indycube is a co-operative which runs co-working spaces in over 30 locations in Wales and is currently expanding […]

The Case for Universal Basic Income

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Yesterday 11:27 PM Post: #47 RE: The Case for Universal Basic Income
LoP Guest Wrote: (Yesterday 08:46 PM) LoP Guest Wrote: (Yesterday 02:35 PM) I can not help but think UBI is a very dangerous idea, one that will trap the poorest of society while freeing up the wealthiest.. it is something that Liberal Hillarie Belloc warned against would happen when corporate/capitalist/socialist interests converged.. The last time we went through this the notion that "women should stay at home" came into being as an excuse to cut the […]

Chris Hughes Made Millions at Facebook. Now He Has a Plan to End Poverty.

Chris Hughes Made Millions at Facebook. Now He Has a Plan to End Poverty.

Tyler Comrie FAIR SHOT
Rethinking Inequality and How We Earn
By Chris Hughes
211 pp. St. Martin’s Press. $19.99.
Chris Hughes, as he will be the first to tell you, has too much money. As he relates in his new book, “Fair Shot,” he co-founded Facebook, asked his roommate Mark Zuckerberg for 10 percent of the company, received 2 percent instead and became dynastically wealthy as a result.Hughes is acutely aware of how unfair this is. “Most Americans cannot find $400 in the case of an emergency,” he writes, “yet I was able to make half a […]

Alaska’s Permanent Fund Dividend has no overall effect on employment

Alaska’s Permanent Fund Dividend has no overall effect on employment

Alaska’s provision of regular, unconditional income to its inhabitants has had no overall effect on employment, a recent study has found.

The Permanent Fund Dividend (PFD) , provided by the Alaskan government to all citizens who apply for it, currently stands at approximately $2000 per person per year. The authors of the study have indicated that, although this seems a small amount, the fact that it is applied regardless of age means that a two-parent family with two children could claim $8000 per year, which is considerably more substantial.

The study was carried out by Associate Professor Damon Jones of the […]

Why universal basic income won t work

The one we’ve all been praying for. That is not enough for everybody to live luxuriously, but enough for everybody to get by without needing to work. In less than five years, they will load self-driving Aug 25, 2016 Americans believe in the importance of a good day’s work. And she’s been globe trotting lately. The idea is to give everybody some money every month — typically something like $1,000 a month. The idea of a guaranteed wage paid to all by the state is detracting from the need to reconsider our approach to work in the age of […]

‘Barely surviving’ to thriving: Basic income recipients report less stress, better health

'Barely surviving’ to thriving: Basic income recipients report less stress, better health

Margie Goold, 60, who suffers from severe arthritis, was able to buy a new walker “with all the bells and whistles” since joining the program in October. Margie Goold, who suffers debilitating arthritis, bought a new walker.

Lance Dingman, who lost his right leg to a chronic bone disease, is no longer running out of groceries by the middle of the month.

Wendy Moore, who has been homeless for almost two years, is looking for an apartment.The three Hamilton residents are part of the first wave of participants in Ontario’s experiment with basic income, a monthly, no-strings-attached payment of up to […]